Buffalo, NY - August 24, 2009 - (RealEstateRama) -- One of the few silver linings in the dark economic cloud that has been with us for the past year is the great incentive for first time homebuyers enacted by Congress. Since housing closings are actually recorded in the County Clerk's Office, we are directly impacted by activity in the housing markets.

NEW YORK, NY - August 23, 2009 - (RealEstateRama) -- Congressman Charles B. Rangel called on Baruch Singer, landlord of Gloria Harding Apartments, to renew the project-based Section 8 contract at the 113 unit building complex to avoid the loss of affordable housing in Harlem.

New York, NY - August 18, 2009 - (RealEstateRama) -- Construction of the Second Avenue subway line threatens the survival of a majority of businesses in the area, forcing wage cuts, layoffs and closings, according to a comprehensive survey of business owners released today by Public Advocate Betsy Gotbaum.

Albany, NY - August 18, 2009 - (RealEstateRama) -- Governor David A. Paterson today announced the award of $45 million in affordable housing grants through the American Recovery and Reinvestment Act (ARRA).

New York, NY - August 17, 2009 - (RealEstateRama) -- Mayor Michael R. Bloomberg and Governor David A. Paterson today announced that New York City is first City in the nation to begin construction of new affordable housing using funds from the American Recovery and Reinvestment Act’s Tax Credit Assistance Program (TCAP).

New York, NY - August 17, 2009 - (RealEstateRama) -- The Federal Reserve Bank of New York today announced that it has streamlined the set of external investment managers for the agency mortgage backed securities purchase program, reducing the number of investment managers from four to two.

NEW YORK, NY - August 12, 2009 - (RealEstateRama) -- Today, the New York City Housing Development Corporation (“HDC”) approved $70 million in Residential Revenue tax-exempt bonds. The Bonds will be used by Q Student Residences, LLC, for the purpose of refunding the Corporation’s Residential Revenue Bonds (Queens College Residences).

NEW YORK, NY - August 13, 2009 - (RealEstateRama) -- The boards of the New York State Housing Finance Agency (HFA) and the New York State Affordable Housing Corporation (AHC) today approved $113.4 million in financing to build and renovate 1,481 units of affordable housing.

NEW YORK, NY - August 13, 2009 - (RealEstateRama) -- The boards of the New York State Housing Finance Agency (HFA) and the New York State Affordable Housing Corporation (AHC) today approved nearly $43.9 million in financing to build and renovate 640 units of affordable housing in New York City.

NEW YORK, NY - August 13, 2009 - (RealEstateRama) -- The boards of the New York State Housing Finance Agency (HFA) and the New York State Affordable Housing Corporation (AHC) today approved nearly $54.6 million in financing to build and renovate 531 affordable housing units in the greater Rochester area.

NEW YORK, NY - August 13, 2009 - (RealEstateRama) -- The board of the New York State Affordable Housing Corporation (AHC) today approved two grants totaling $900,000 to renovate 132 homes in the Southern Tier and nearby counties.

NEW YORK, NY - August 1, 2009 - (RealEstateRama) -- The board of the New York State Affordable Housing Corporation (AHC) today approved a $120,000 grant to the Rural Housing Action Coalition, Inc. (RHAC) to build three homes in the Village of Nyack in Rockland County.

NEW YORK, NY - August 1, 2009 - (RealEstateRama) -- The board of the New York State Affordable Housing Corporation (AHC) today approved a $300,000 grant to the Onondaga County Community Development Division (OCCD) to renovate 50 homes in the county.

NEW YORK, NY - August 13, 2009 - (RealEstateRama) -- The board of the New York State Affordable Housing Corporation (AHC) today approved $520,000 in grants to two nonprofit organizations in Chautauqua County to finance renovations of 50 homes.

NEW YORK, NY - August 13, 2009 - (RealEstateRama) -- The board of the New York State Affordable Housing Corporation (AHC) today approved $800,000 in grants to renovate 40 affordable homes in the Hudson Valley.

NEW YORK, NY - August 13, 2009 - (RealEstateRama) -- The boards of the New York State Housing Finance Agency (HFA) and the New York State Affordable Housing Corporation (AHC) today approved $12.65 million in financing to renovate 141 units of affordable housing in Oneida County.

NEW YORK, NY - August 13, 2009 - (RealEstateRama) -- The board of the New York State Affordable Housing Corporation (AHC) today approved a $247,250 grant to the University Heights Community Development Association, Inc. (UHCDA) to finance improvements for 22 homes in the City of Buffalo.

New York, NY - August 13, 2009 - (RealEstateRama) -- New York City Comptroller William C. Thompson, Jr. today announced that nearly 5,000 individuals and families have called his Foreclosure Prevention Helpline to ask for help to avoid losing their homes.

NEW YORK, NY - August 13, 2009 - (RealEstateRama) -- Attorney General Andrew M. Cuomo today announced that his office has filed a lawsuit against New York-based American Modification Agency, Inc. (“Amerimod”), one of the largest foreclosure rescue companies in the country, and its owner Salvatore Pane, Jr. for engaging in a wide variety of deceptive business practices and false advertising to induce beleaguered homeowners on the brink of foreclosure to sign up for their services.

New York, NY - August 13, 2009 - (RealEstateRama) -- New York City Comptroller William C. Thompson, Jr. today released an audit finding that the New York City Department of Youth and Community Development (DYCD) does not adequately monitor its Transitional Independent Living vendors to ensure that the City is providing the necessary services to older homeless youth.

Patchogue , NY - August 10, 2009 - (RealEstateRama) -- Taking another major step in his quest to end homelessness countywide in the next 10 years, County Executive Steve Levy hosted his second Stand Up for the Homeless on Wednesday, August 5, and was able to provided goods and services to over 550 of Suffolk’s neediest.

Washington, D.C. - August 10, 2009 - (RealEstateRama) -- Congressman Eliot Engel announced that Rockland County was awarded three housing grants totaling $3,273,306 from the U.S. Department of Housing and Urban Development (HUD).

Albany, NY - August 7, 2009 - (RealEstateRama) -- The new Birchez at Esopus affordable housing development for seniors was the site of a recent forum aimed at encouraging local investment in affordable housing through the new Upstate Equity Fund. Bankers, developers, and local officials, including Congressman Maurice Hinchey and Ulster Town Supervisor Nicky Woerner, gathered to learn about the benefits of the Low Income Housing Tax Credit (LIHC) Program and the need for local investment in affordable housing.

Combined Rural Development Recovery Act Funding in New York Now Exceeds $120 Million. SYRACUSE, N.Y. - August 10, 2009 - (RealEstateRama) -- The U.S. Department of Agriculture has announced that the number of home loans funded through the American Reinvestment and Recovery Act (ARRA) has now exceeded 50,000. The announcement was made yesterday in Washington, D.C. by Agriculture Deputy Secretary Kathleen Merrigan.

Albany, NY - August 10, 2009 - (RealEstateRama) -- Governor David A. Paterson today announced that New York will offer a federal income tax credit to first-time homebuyers to encourage home sales in the State. The New York State Mortgage Credit Certificate (MCC) will enable first-time homebuyers to claim a tax credit equal to 20% of their annual mortgage interest costs, potentially saving the average homebuyer about $1,500 each year.